Keep paying it off. CK and CS sometimes do some wonky ****.

In some rare instances yes but its because of other factors. For instance my father took money out of his 401k to pay off a credit card and the bank then canceled it which really hit his score hard and all his other interest rates shot up.

Got an offer from AMEX to sign up for the blue cash everyday and receive 250 reward dollars after spending $1,000. Quick googling tells me that the card is a good one so is there anything that I need to know about it that could be a negative? Or should I just fist pump, apply, and take the free money?

That's the best bonus available for the BCE and its a good basic annual fee free card. Plus having an AmEx will give you access to Amex Sync offers, restaurant week offers, and small business saturday.

It's a fist pump apply if you don't have any other card from AmEx you'd rather get.

Cool, thanks. I have a Blue for students that I've had for over 10 years and never bothered to apply for any of their other cards. I only use that one to shop at Costco but I can switch most of my expenses there for a while.

anyone crushing bonuses? i have my first bonus points pending and then it's pry on to the next one

100k AA miles for 10k spending

What card is that?

My landlord is disabling credit card payments for rent in a couple days so I'm going to need to turn my bonus whoring way down. I never even got started with it really.

what was the spending for that/timeframe JL?

i got an offer today, no sign up bonus though. it is a PNC points Visa, issued by PNC Bank. 4 points per $1 spent seems very attractive. Is that not essentially 4% back, no limit either

Citi Executive / AAdvantage World Elite Mastercard. 100k miles for 10k spending in 3 months, $450 annual fee not waived, $200 statement credit, Admirals Club access.

I still pay my rent through my cc, just a little convoluted. If you have CVS or 711 that sell Vanilla Reloads you can purchase with a credit card, you can buy reloads in combination with Bluebird and use the billpay function of that.

3 months. I would have to see what the PNC points are worth and how you can redeem them. I highly doubt its 4% back with no limit.

ya 10k in 3 months is a ton of spending. well, compared to what i use my cc for. If i can start paying more bills with cc, i could pry do that some months, need to look into more bill paying via CC. mortgage would be nice.

just buy vanilla cc's? pry a small fee to load them or no?

im gonna start on my next bonus now, may do that pnc or i have 2 others. AMex business would be nice but 450 annually, not sure im gonna pull on that yet. doubt i would max my bonuses on that card anyway due to not enough spending.

so, lets just do a quick hypothetical. lets say a card offers 3x gas and restaurants; thats essentially 3% back through rewards?? i know rewards stuff fluctuates to, some gift cards more than others, etc, different reards essentially have a different rakeback percentage.

is it typical to wait 6 to 8 weeks on a sign up bonus point credit?

what do we make of an offer like this: earn 1 BP for every dollar you transfer within 30 days. if its a flat fee on a transfer, this could be taken advantage of, time to read more.

lastly, looking at my mail offers, i have AMEX gold business and AMEX platinum business offers, knock out the lower tier first eh, then upgrade in the future perhaps with a new sign up bonus?

sorry for newb questions, reading helps. and damn, chase sapphire offers 7% annual dividend, 7% points on each earned, that sounds kind of gross, no?

u sign up for AMEX blue sky, blue sky, blue cash, same thing?? my first bonus whore was amex blue sky recently, knocked it out, awaiting 30k bonus points. not sure what i will spend those on but $300 at Bonefish Grill wouldnt be bad lolz, PF Change, Ruths Chris, pick your poison.

Never heard of that but after some googling it looks like something you could use to turn any kind of credit into cash. How is that not excepted from earning points? Can you just buy $10k worth of reloads then use them to pay off your $10k credit card bill?

pry. i was just readin the old thread, fishhead24 supposedly made 59k in a year utilizing credit lol http://archives1.twoplustwo.com/show...0&fpart=3&vc=1

was reading some other stuff and they got to mentioning accounts being closed. Chase closed one of my credit lines, i guess because i simply never used it. don't remember opening it or how long it was open, it was recently closed. Never did not pay it or anything negative, i simply did not use it. is this bad in your opinion, in any way?

I think down the road I do not want this happening, any credit line i apply for, for now, i intend to keep open. i may make uber small payments on each card to make sure they all stay open, even if i do it to each "unused" card every other month or so

Actually, I tried applying several times but the page always gave me an error. So I called them and they told me "they were having problems with that particular code but that they could offer me their current $100 bonus instead". Nice offer, AMEX.

I only have like 10 cards or so right now but it still is kind of annoying to make purchases on them all. Several of them require spending every 6 months or they will automatically close the card, which I got nailed for in the past. So I try to make a calendar and buy like a $2 AMZ giftcard with each creditcard i dont use every 5 months or so

I paid off all my credit card debt at the beginning of this month, my credit scores all jumped around 45 points just from that.

More or less, with some limitations. The main point being there is a $3.95 fee per $500, so about $0.008 cost per dollar manufactured. If you pay with a 1% card, you're paying a little less than a cent for 1 point, which is good if you can redeem the points for a lot of value, but largely insignificant if you 'only' get 1c/pt value.

This leads people to get creative, find credit cards that match spending categories like drug stores or gas stations when they find a drug store or gas station that lets the buy reloads with a CC.

The next limitation is that you can 'only' load $5k/mo onto bluebird from vanilla reloads, so that limits the spend you can manufacture. This leads people to explore other avenues (serve, amazon payments, myvanilla, evolve money, etc).

Eventually though, if you said you make $60k a year and are pumping 30k+/yr through a credit card, the company is going to get anxious. It could very easily trigger an amex financial review or similar.

Lastly, it will probably be excepted eventually. However, the CC companies don't see what exactly you purchase, just where and how much. It's possible that they'll limit rewards to only on purchases of $400 or less, or never on purchases of exactly $503.95 or multiples there of. It will always be a cat and mouse game. But you have to remember that for every one person gaming the system, there are 50 just building debt and getting swindled, so change isn't going to be as fast as you'd expect.

what do u think of this JL, guys?

chase sapphire offers 7% annual dividend, 7% points on each earned, that sounds kind of gross, no?

Points only have a cash value of $.01 each though. 7% of that=not much. I think the Sapphire is a good card (Disclosure: never had one myself), but the 7% dividend isn't a huge benefit.

Its 7% of the points you earned that year, which makes the card earnings 2.14pts per dollar in the spending categories that earn 2pts per $. Its not 7pts per $

ok thanks for the replies, i was assuming were going to earn 7 points per 100 earned through the year.

is anyone utilizing 0% apr cards? if so, in what ways? i dont carry balances so transferring to 0% does not appeal to me. I would like to however, use a 0% apr to obtain some cash and make money off of that borrowed capital.

You do earn 7 points per 100, it's just 100 points is only worth $1, and 107 points=$1.07.

I'm up to about 25cards at this moment. I do an App O rama every 4 months or so, getting anywhere from 2-6 cards. I was able to take my GF and myself on a 7 night cruise to the Caribbean recently, all from CC bonuses. (The flight was covered by bonuses as well).

The minimum amount of Manufactured spending I do per month is $5k (all bluebird with VRs). I also MS at office supply stores with my Ink Bold card (5%cb), any category bonuses, like gas stations or drug stores with 5% cash back cards, and pretty much any other places I find that are greater than 2% cb.

Currently I'm working on a free trip to Hawaii and a skiing trip out West (undecided on exact location atm). It usually only takes 1 or 2 CC bonuses to get enough points for free flights for two of us, so the rest of the cc bonuses are aimed at hotels usually.

There are plenty of ways to make money with credit cards, you just need to be smart about it. I also can float any money that gets temporarily locked up, or has any problems, so I don't mind purchasing thousands in gift cards at a time. I wouldn't recommend it if any snags or issues could put you in financial difficulties.